Get started

Ichimoku_trader

BTC - Potential Short-Term ShorAt the moment of typing this, BTC is testing its 1st Ichimoku Cloud Support on the 1hr chart. If that 1st IC support fails then it will become our new Resistance. We can also see that BTC is testing its lower level of its Bollinger Bands. For confirmation of the potential downwards momentum, wait for the Ichimoku Conversion Line (Blue) to cross back under the Ichimoku Base Line (Orange). If we just use the Ichimoku Cloud then we can see our next of potential level of support is the 2nd Ichimoku Cloud support at $36,000. If that 2nd support fails, then BTC will finally be in a short-term bearish trend because it will finally be in the Bearish Zone of the Ichimoku Cloud System. Looking at our Average Directional Index, the ADX line is 34 and the -DI (Red line) is at 35 and the +DI (Green Line) is at 11 indicating the short-term downtrend is strong. Good Luck
BITSTAMP:BTCUSDShort
by TradingThroughTheLens
BTC - D1 - TENKAN IS AND REMAINS A GOOD BAROMETER...D1 : As already mentioned several times in my previous analysis, Tenkan-Sen should be seen as a good barometer : BULLISH above and BEARISH below ! H4 : Holding very well above the clouds. First significant support @ 35574 ahead of 33552 (MBB) H1 : A downside move below MBB would probably trigger and confirm a short term reversal towards 33926 ahead of 32737 (50% Fib Ret) M15 : Watch carefully clouds support zone Have a nice day.
BITSTAMP:BTCUSDLong
by Ironman8848
BTC - D1 - Tenkan-Sen = GOOD BAROMETER !D1 : Very impressive price action Tenkan-Sen, currently @ 29642 should be seen as the first significant support on a Daily basis analysis, ahead of Kijun-Sen and MBB H4 : Same picture than D1, first support @ 32050 and of 31064 and 30680 H1 : Watch MBB , ST bullish above and ST bearish below M15 : 50% Fib ret of last upside move is @ 32'400 which is roughly the middle of clouds support zone Conclusion : As long as BTC stays and hold above Tenkan-Sen, which worked, so far, perfectly well as a support indicator the trend remains bullish on a daily basis for higher levels. Only a clear breakout of Tenkan-Sen, currently @ 29642 would force to a reassessment view of the expected bullish scenario
BITSTAMP:BTCUSDLong
by Ironman8848
1
Hit my entry level and opened a long positionI should have waited for the breakout however decided to enter on the new higher high to not to be late for the party, now it looks it bounced back from the upper side of the triangle maybe it is going to be ranging in there for a while, still waiting for the TK cross to happen to give us an other confirmation the kumo twist just occured which is positive for now, placed my stop loss bellow the TK lines and just below the triangle.
NASDAQ:AMZNLong
by SnowWhiteJaguar
EDUCATION: Ichimoku - Part 1Hello, dear subscribers! Today we starting the training series of the Ichimoku Indicator trading. This article is about the Ichimoku definition and the easiest trading strategy using it. What is the Ichimoku Indicator? This indicator consists of 4 components: 1) Conversion Line - the 9 period high - low average price, demonstrates the short term period trend. When the price above it - the market is in local uptrend. 2) Base Line - the 26 period high - low avearge. It means the same as the conversion line but in the medium term period. 3) Lagging Span - close price plotted 26 period in the past. It can be used for the trend confirmation. When the lagging span is above the price it means the strong uptrend. 4) Cumo Cloud Lines - this lines will be examined in the next education article. Ichimoku Strategy (Conversion + Base + Lagging Span) The first Ichimoku strategy is very easy to apply for your trading. First of all you should filter signals with the lagging span: when it is above the price - it is time for long, in opposite - for short. When it is done you should find the point, where the conversion line crossed over the baseline from down to up and execute long position. You can exit long the conversion line bacame lower that the base line. The additional confirmation for exiting the position is the lagging span and price crossover. Next time we will examine the most interesting part - the Ichimoku Cloud and appropriate strategies.
Education
by Skyrexio